Santacruz Silver Announces Appointment of New Director

TSX.V: SCZ

VANCOUVER, Feb. 24, 2015 /CNW/ - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") is pleased to announce the appointment of Mr. Roland Löhner to the Board of Directors.

Mr. Löhner has been a senior partner and managing Director of The Boston Consulting Group ("BCG") for the last 20 years and during the last 5 years he has held the position of Managing Director for Latin America. He is fluent in Spanish, German, French, English, Portuguese, Dutch, and Italian. After retirement, he continues to serve as a Senior Advisor to BCG.

Mr. Löhner has wide project experience with international assignments. His work spans many countries and industries (including the mining industry), with a special focus on matters relating to strategic direction, organizational alignment, and corporate governance.

Before joining BCG, Mr. Löhner was a commodities trader for Cargill in the U.S., Holland, and Switzerland. He is active in several community and professional organizations, including the Board of TEC MILENIO, part of one of the largest private Mexican Universities.

Santacruz also reports that Mr. Craig Angus has stepped down from the Board of Directors for personal reasons. Mr. Angus joined the board in 2012 and was instrumental in the early years of the Company.

Arturo Préstamo stated; "I want to thank Craig for all of his support during our evolution period to become a producing company. It's been a great privilege to have worked with Craig and learned from him. With Craig´s advice and support, we created solid foundations that we continue to build on". Mr. Préstamo added, "I am very pleased to welcome Roland to our Board of Directors, I am sure that his broad experience gained from working with many different companies to achieve operational efficiencies and growth will add significant value to Santacruz and our shareholders".

About Santacruz Silver Mining Ltd.

Santacruz is a Mexican focused silver company with a producing mine (Rosario); two advanced-stage projects (San Felipe and Gavilanes) and an early-stage exploration project (El Gachi). The Company is managed by a technical team of professionals with proven track records in developing, operating and discovering silver mines in Mexico. Our corporate objective is to become a mid-tier silver producer.

'signed'

Arturo Préstamo Elizondo,
President, Chief Executive Officer and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Rosario Mine

The decision to commence production at the Rosario Mine was not based on a feasibility study of mineral reserves demonstrating economic and technical viability, but rather on a more preliminary estimate of inferred mineral resources. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and detailed site analysis according to and in accordance with NI 43-101.

SOURCE SantaCruz Silver Mining Ltd.

For further information: Neil MacRae, Santacruz Silver Mining Ltd., Email: [email protected], Telephone: [phone]